CFPB Issues Supervisory Compliance Bulletin
Bulletin Reminds Companies of Existing Legal Responsibilities Regarding Treatment of Confidential Supervisory Information The Bureau issued a bulletin today...
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What we really need to be better off financially
Crossposted from CNN.com. This opinion editorial was posted on January 27, 2014 online. We are facing a financial education crisis in this country. The gap...
CFPB Announces New Additions to Senior Leadership
Today, the Bureau is announcing the addition of several new members to leadership positions within the Bureau. The positions being announced today are:...
CFPB Takes Action Against Wells Fargo and JPMorgan Chase for Illegal Mortgage Kickbacks
Banks to Pay $35.7 Million After Loan Officers Illegally Traded Referrals for Cash and Marketing Services Today, the Bureau and the Maryland Attorney...
CFPB Finalizes Minor Changes to “Know Before You Owe” Mortgage Rules
Tweaks Address Mortgage Disclosures After Locking Interest Rates and Information on Construction Loans The Bureau today finalized two minor modifications to...
Prepared Remarks of CFPB Director Richard Cordray at Operation HOPE
Our first survey, at the beginning of last year, found that nearly half of all consumers do not shop around for a mortgage when buying a home. So this week...
Prepared Remarks of CFPB Director Richard Cordray on the Student Accounts Press Call
Responsible colleges are on high alert to ensure that they endorse transparent financial products. ... To improve this process, the Bureau is proposing a...
CFPB Releases Safe Student Account Scorecard
Bureau Seeks Comment on Scorecard to Help Schools Avoid Promoting Products with Tricks and Traps Today, the Bureau is seeking input on a "Safe Student...
Prepared Remarks of CFPB Director Richard Cordray at the Brookings Institution
Our first survey, performed at the beginning of last year, found that nearly half of all consumers do not shop around for a mortgage when buying a home...
CFPB Report Finds Nearly Half of Borrowers Do Not Shop for a Mortgage
CFPB Releases "Owning a Home" Toolkit to Help Consumers Shopping for a Mortgage Today, the Bureau released a report finding that almost half of consumers do...
CFPB Report Finds Loopholes In Military Lending Act Rules Rack Up Costs For Servicemembers
CFPB Backs Department of Defense Proposal to Broaden the Rules for Greater Protections Today the Bureau issued a report highlighting how loopholes in the...
CFPB and States Take Action Against Freedom Stores for Illegal Debt Collection Practices Against Servicemembers
Retailer and Debt Collectors to Provide Over $2.5 Million in Consumer Relief for Illegal Lawsuits and Unauthorized Debits The Bureau and the Attorneys...
Prepared Remarks of CFPB Director Richard Cordray at the Sprint Enforcement Press Call
Today we are announcing that we are suing Sprint, the wireless carrier, for illegally cramming consumers' bills with unauthorized third-party charges...
CFPB Sues Texas Company for Sham Credit Card
Today, the Bureau is suing a Texas-based company, Union Workers Credit Services, for deceiving consumers into paying fees to sign up for a sham credit card...
CFPB Sues Sprint for Cramming Consumers with Unauthorized Third-Party Charges
Sprint Ignored Complaints from Consumers and Cost Them Tens of Millions of Dollars Today, the Bureau filed a lawsuit against Sprint Corporation for...
CFPB Report Finds Continued Decline in College Credit Card Agreements
Today the Bureau released its annual report on college credit card agreements, which shows a nearly 70 percent decline in the number of agreements since...
Consumer Financial Protection Bureau Announces Project Catalyst Research Pilot On Consumer Saving
Today, the Bureau announced a Project Catalyst research pilot to analyze the effectiveness of certain practices designed to encourage positive saving...
Consumer advisory: Student loan debt relief companies may cost you thousands of dollars and drive you further into debt
We are warning all student loan borrowers who have trouble managing their student debt to watch out for scams run by companies promising “student debt relief.” These companies prey on distressed borrowers who run into trouble and struggle to figure out what comes next.
CFPB Takes Action to End Student “Debt Relief” Scams
CFPB Warns Borrowers About Companies Charging High Fees for Free Federal Loan Repayment Benefits Today, the Bureau took action to put an end to two student...
Prepared Remarks of CFPB Director Richard Cordray at the Medical Debt Collection Hearing
Today the Bureau has come here to talk about debt collection and credit reporting, both in general and more specifically as they relate to medical debt...
CFPB Spotlights Concerns with Medical Debt Collection and Reporting
Today, the Bureau released a report that found medical debt has a significant impact on consumer credit, as 43 million Americans have overdue medical debt...
Prepared Remarks of CFPB Director Richard Cordray at the Columbus Metropolitan Library
Today we are here to highlight the partnerships that the CFPB is building with libraries around the country to promote accessible financial education...
CFPB Takes Action Against Debt-Settlement Firm
Firm Charged Illegal Upfront Fees to Consumers Today the Bureau announced that it has asked a federal district court to enter a consent order requiring...
CFPB Issues Statement on Department of Defense’s Military Allotment System Reforms to Protect Servicemembers
Today, the U.S. Department of Defense announced critical new protections for servicemembers using the military discretionary allotment system. The changes...
Prepared Remarks of CFPB Director Richard Cordray at The Clearing House
Today I want to talk to you about electronic payment networks in general. This includes the ACH system but it also includes debit card networks and the...